<p>ThinkMarkets, a London and
Melbourne-headquartered multi-asset online broker, has introduced a new
security feature to help its users prevent or detect fraudulent calls now “common among online
traders.” The retail broker announced on Wednesday that it has added a one-time
password (OTP) verification feature to its contact process as “an extra
verification step.”</p><p>With the new feature, the broker
explained, its customers can now request for an OTP from a caller claiming to
be from ThinkMarkets and input the OTP into their ThinkPortal account to confirm the
speaker’s identity.</p><p>“With fraudulent calls becoming common
among online traders, the security of your information is paramount to us. If
you receive a call from a representative of ThinkMarkets, you now have the
option of requesting an OTP from the caller. Upon this request, an OTP will be
sent via SMS, which you can then input into ThinkPortal to validate the
caller,” ThinkMarkets explained in <a href=”https://www.thinkmarkets.com/en/about-us/company-news/february-2023/we-ve-made-further-security-enhancements/” target=”_blank” rel=”follow”>an announcement</a> posted
on its website.</p><p>ThinkMarkets Expands Platform, Product
Offerings</p><p>The new security feature is one of several
features ThinkMarkets has added to its platform in recent months to boost its
retail FX and CFDs offerings. In June last year, the broker announced plans <a href=”https://www.financemagnates.com/forex/products/thinkmarkets-is-adding-web-support-to-proprietary-thinktrader-trading-platform/” target=”_blank” rel=”follow”>to launch the web version
of ThinkTrader</a>, its proprietary trading platform.
ThinkMarkets said it loaded the version, which is an addition to the mobile app
its traders have been using for many years, with technical and market analysis tools including more than 125 technical indicators, 50 drawing tools and 20 chart types. </p><p>In 2021, the broker <a href=”https://www.financemagnates.com/institutional-forex/thinkmarkets-jumps-into-institutional-arena-launches-liquidity-net/” target=”_blank” rel=”follow”>launched Liquidity.net</a> to
serve institutional investors. The platform is registered and regulated by the
UK’s Financial Conduct Authority (FCA). Furthermore, ThinkMarkets has made efforts to
expand its product listings, <a href=”https://www.financemagnates.com/institutional-forex/thinkmarkets-adds-over-2500-us-listed-stocks-etfs-to-platform/” target=”_blank” rel=”follow”>adding over 2,500 US-listed
stocks</a> and exchange-traded funds (ETFs) to ThinkTrader in May 2022 and <a href=”https://www.financemagnates.com/cryptocurrency/thinkmarkets-adds-5-new-crypto-cfds-to-portfolio/” target=”_blank” rel=”follow”>five new crypto CFDs</a> a
month earlier.</p><p>Beyond its focus on its product listing
and platform, the broker is also expanding its global presence. In February
last year, the company <a href=”https://www.financemagnates.com/forex/brokers/thinkmarkets-secures-40-million-funding-for-expansion/” target=”_blank” rel=”follow”>secured $30 million</a> to fund its expansion across
multiple verticals in several jurisdictions globally. A month later (March),
the brokerage firm <a href=”https://www.financemagnates.com/forex/brokers/thinkmarkets-launches-fx-trading-services-in-japan/” target=”_blank” rel=”follow”>introduced its platform to
Japanese users</a> a year after <a href=”https://www.financemagnates.com/forex/brokers/thinkmarkets-enters-fx-market-in-japan-with-new-acquisition/” target=”_blank” rel=”follow”>acquiring Japan Affiliate</a>, a
Japanese forex company. </p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
